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60
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
(In Millions)
Balance at
be
g
innin
g
o
f
period
Charges to
costs and
expenses Deductions
Balance at
end of period
February 1, 2013:
Reserve for loss on obsolete inventory .......
.
$ 47 $ 10 (1) $- $ 57
Reserve for inventory shrinkage .................
.
141 316 (315) (2) 142
Reserve for sales returns .............................
.
56 3 (3) - 59
Deferred tax valuation allowance ...............
.
101 41 (4) - 142
Self-insurance liabilities .............................
.
864 1,164 (1,129) (5) 899
Reserve for exit activities ...........................
.
86 11 (22) (6) 75
February 3, 2012:
Reserve for loss on obsolete inventory .......
.
$ 39 $ 8 (1) $- $ 47
Reserve for inventory shrinkage .................
.
127 308 (294) (2) 141
Reserve for sales returns .............................
.
52 4 (3) - 56
Deferred tax valuation allowance ...............
.
99 2 (4) - 101
Self-insurance liabilities .............................
.
835 1,126 (1,097) (5) 864
Reserve for exit activities ...........................
.
12 98 (24) (6) 86
January 28, 2011:
Reserve for loss on obsolete inventory .......
.
$ 49 $ - $ (10) (1) $ 39
Reserve for inventory shrinkage .................
.
138 292 (303) (2) 127
Reserve for sales returns .............................
.
51 1 (3) -
52
Deferred tax valuation allowance ...............
.
65 34 (4) -
99
Self-insurance liabilities .............................
.
792 1,083 (1,040) (5) 835
Reserve for exit activities ...........................
.
5 10 (3) (6) 12
(1): Represents the net increase/(decrease) in the required reserve based on the Company’s evaluation of obsolete
inventory.
(2): Represents the actual inventory shrinkage experienced at the time of physical inventories.
(3): Represents the net increase/(decrease) in the required reserve based on the Company’s evaluation of anticipated
merchandise returns.
(4): Represents an increase in the required reserve based on the Company’s evaluation of deferred tax assets.
(5): Represents claim payments for self-insured claims.
(6): Represents lease payments and adjustments, net of sublease income, and payments for one-time employee termination
benefits.